The typical asking rate per listing is in the $30's per square foot per year. The Catalina Villas region is going through a an increase in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Catalina Villas submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the listings in the Catalina Villas are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1940 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Catalina Villas folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.